Credit Expansion in Emerging Markets: Propeller of Growth?
This paper explores the contribution of credit growth and the composition of credit portfolio (corporate, consumer, and housing credit) to economic growth in emerging market economies (EMs). Using cross-country panel regressions, we find significant impact of credit growth on real GDP growth, with t...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2015
|
| Schriftenreihe: | IMF Working Papers: Working Paper No. 15 / 212
|
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | This paper explores the contribution of credit growth and the composition of credit portfolio (corporate, consumer, and housing credit) to economic growth in emerging market economies (EMs). Using cross-country panel regressions, we find significant impact of credit growth on real GDP growth, with the magnitude and transmission channel of the impact of credit on real activity depending on the specific type of credit. In particular, the results show that corporate credit shocks influence GDP growth mainly through investment, while consumer credit shocks are associated with private consumption. In addition, taking Brazil as a case study, we use a time series model to examine the role that the expansion and composition of credit played in driving real GDP growth in the past. The results of the case study are consistent with those found in the cross-country panel regressions |
| Beschreibung: | 1 Online-Ressource (24 p) |
| ISBN: | 1513581929 9781513581927 |
Internformat
MARC
| LEADER | 00000nmm a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV048355943 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220713s2015 |||| o||u| ||||||eng d | ||
| 020 | |a 1513581929 |c 18.00 USD |9 1-513-58192-9 | ||
| 020 | |a 9781513581927 |c 18.00 USD |9 978-1-513-58192-7 | ||
| 035 | |a (ZDB-1-IMF)845963198 | ||
| 035 | |a (OCoLC)1337131126 | ||
| 035 | |a (DE-599)BVBBV048355943 | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-20 |a DE-824 |a DE-70 |a DE-155 |a DE-29 |a DE-22 |a DE-473 |a DE-1102 |a DE-703 |a DE-859 |a DE-706 |a DE-384 |a DE-860 |a DE-19 |a DE-739 |a DE-355 |a DE-Aug4 |a DE-1049 |a DE-12 |a DE-91 | ||
| 100 | 1 | |a Garcia-Escribano, Mercedes |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Credit Expansion in Emerging Markets |b Propeller of Growth? |c Garcia-Escribano, Mercedes |
| 264 | 1 | |a Washington, D.C |b International Monetary Fund |c 2015 | |
| 300 | |a 1 Online-Ressource (24 p) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a IMF Working Papers: Working Paper No. 15 / 212 | |
| 520 | 3 | |a This paper explores the contribution of credit growth and the composition of credit portfolio (corporate, consumer, and housing credit) to economic growth in emerging market economies (EMs). Using cross-country panel regressions, we find significant impact of credit growth on real GDP growth, with the magnitude and transmission channel of the impact of credit on real activity depending on the specific type of credit. In particular, the results show that corporate credit shocks influence GDP growth mainly through investment, while consumer credit shocks are associated with private consumption. In addition, taking Brazil as a case study, we use a time series model to examine the role that the expansion and composition of credit played in driving real GDP growth in the past. The results of the case study are consistent with those found in the cross-country panel regressions | |
| 533 | |a Online-Ausg | ||
| 700 | 1 | |a Han, Fei |e Sonstige |4 oth | |
| 856 | 4 | 0 | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-IMF | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-033735211 | ||
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l UBW01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l UEI01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l LCO01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l SBR01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l UER01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l SBG01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l UBG01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l FAN01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l UBT01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l FKE01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l UBY01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l UBA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l FLA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l UBM01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l UPA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l UBR01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l FHA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l FNU01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l BSB01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |l TUM01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
Datensatz im Suchindex
| _version_ | 1804184215040819200 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Garcia-Escribano, Mercedes |
| author_facet | Garcia-Escribano, Mercedes |
| author_role | aut |
| author_sort | Garcia-Escribano, Mercedes |
| author_variant | m g e mge |
| building | Verbundindex |
| bvnumber | BV048355943 |
| collection | ZDB-1-IMF |
| ctrlnum | (ZDB-1-IMF)845963198 (OCoLC)1337131126 (DE-599)BVBBV048355943 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>05381nmm a2200589 cb4500</leader><controlfield tag="001">BV048355943</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220713s2015 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1513581929</subfield><subfield code="c">18.00 USD</subfield><subfield code="9">1-513-58192-9</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781513581927</subfield><subfield code="c">18.00 USD</subfield><subfield code="9">978-1-513-58192-7</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-IMF)845963198</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1337131126</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV048355943</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-20</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-91</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Garcia-Escribano, Mercedes</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Credit Expansion in Emerging Markets</subfield><subfield code="b">Propeller of Growth?</subfield><subfield code="c">Garcia-Escribano, Mercedes</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">International Monetary Fund</subfield><subfield code="c">2015</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (24 p)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">IMF Working Papers: Working Paper No. 15 / 212</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">This paper explores the contribution of credit growth and the composition of credit portfolio (corporate, consumer, and housing credit) to economic growth in emerging market economies (EMs). Using cross-country panel regressions, we find significant impact of credit growth on real GDP growth, with the magnitude and transmission channel of the impact of credit on real activity depending on the specific type of credit. In particular, the results show that corporate credit shocks influence GDP growth mainly through investment, while consumer credit shocks are associated with private consumption. In addition, taking Brazil as a case study, we use a time series model to examine the role that the expansion and composition of credit played in driving real GDP growth in the past. The results of the case study are consistent with those found in the cross-country panel regressions</subfield></datafield><datafield tag="533" ind1=" " ind2=" "><subfield code="a">Online-Ausg</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Han, Fei</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-IMF</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033735211</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">UBW01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">UEI01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">LCO01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">SBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">UER01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">SBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">UBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">FAN01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">UBT01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">FKE01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">UBY01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">UBA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">FLA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">UBM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">UPA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">UBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">FHA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">FNU01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">BSB01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml</subfield><subfield code="l">TUM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV048355943 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:37Z |
| indexdate | 2024-07-10T09:35:47Z |
| institution | BVB |
| isbn | 1513581929 9781513581927 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033735211 |
| oclc_num | 1337131126 |
| open_access_boolean | |
| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
| owner_facet | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
| physical | 1 Online-Ressource (24 p) |
| psigel | ZDB-1-IMF |
| publishDate | 2015 |
| publishDateSearch | 2015 |
| publishDateSort | 2015 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers: Working Paper No. 15 / 212 |
| spelling | Garcia-Escribano, Mercedes Verfasser aut Credit Expansion in Emerging Markets Propeller of Growth? Garcia-Escribano, Mercedes Washington, D.C International Monetary Fund 2015 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers: Working Paper No. 15 / 212 This paper explores the contribution of credit growth and the composition of credit portfolio (corporate, consumer, and housing credit) to economic growth in emerging market economies (EMs). Using cross-country panel regressions, we find significant impact of credit growth on real GDP growth, with the magnitude and transmission channel of the impact of credit on real activity depending on the specific type of credit. In particular, the results show that corporate credit shocks influence GDP growth mainly through investment, while consumer credit shocks are associated with private consumption. In addition, taking Brazil as a case study, we use a time series model to examine the role that the expansion and composition of credit played in driving real GDP growth in the past. The results of the case study are consistent with those found in the cross-country panel regressions Online-Ausg Han, Fei Sonstige oth http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Garcia-Escribano, Mercedes Credit Expansion in Emerging Markets Propeller of Growth? |
| title | Credit Expansion in Emerging Markets Propeller of Growth? |
| title_auth | Credit Expansion in Emerging Markets Propeller of Growth? |
| title_exact_search | Credit Expansion in Emerging Markets Propeller of Growth? |
| title_exact_search_txtP | Credit Expansion in Emerging Markets Propeller of Growth? |
| title_full | Credit Expansion in Emerging Markets Propeller of Growth? Garcia-Escribano, Mercedes |
| title_fullStr | Credit Expansion in Emerging Markets Propeller of Growth? Garcia-Escribano, Mercedes |
| title_full_unstemmed | Credit Expansion in Emerging Markets Propeller of Growth? Garcia-Escribano, Mercedes |
| title_short | Credit Expansion in Emerging Markets |
| title_sort | credit expansion in emerging markets propeller of growth |
| title_sub | Propeller of Growth? |
| url | http://www.elibrary.imf.org/view/IMF001/22864-9781513581927/22864-9781513581927/22864-9781513581927.xml |
| work_keys_str_mv | AT garciaescribanomercedes creditexpansioninemergingmarketspropellerofgrowth AT hanfei creditexpansioninemergingmarketspropellerofgrowth |